Brent crude edged higher on Tuesday morning, recovering from a three-month low, as traders weighed whether a US-Iran peace framework would quickly translate into normal oil flows through the Strait of Hormuz. The global benchmark rose about 0.7% to around $83.71 a barrel after tumbling nearly 5% on Monday, when President Donald Trump announced a
Gold steadied near a more than one-week high on Tuesday as investors waited for details of the preliminary US-Iran agreement that has cooled oil prices and revived hopes that inflation pressure may ease. Spot gold was little changed around $4,315 an ounce after Monday’s sharp rally, while August futures slipped. The metal remains supported by
Morgan Stanley has lowered its oil price forecasts for the remainder of 2026, citing expectations of improved supply flows following the US-Iran agreement to reopen the Strait of Hormuz. The bank said the deal has eased geopolitical risk premiums and could gradually normalise global trade routes disrupted by months of conflict, according to a Bloomberg
Middle Eastern crude markets weakened on Tuesday as optimism grew over a potential reopening of the Strait of Hormuz following progress in the US-Iran agreement. Traders are increasingly pricing in a faster return of blocked oil supplies from the Persian Gulf, leading to a noticeable easing of the war premium that had dominated the market
Silver prices edged lower on Tuesday as traders took profit after a sharp relief rally driven by the US-Iran peace framework and lower oil prices. XAG/USD traded near $69.85 in early European dealing, retreating from a weekly high as attention shifted from geopolitics to the Federal Reserve’s policy decision on Wednesday. The pullback was measured
Gold’s latest rally is being driven less by panic and more by relief. Bullion advanced for a third session on Monday as investors reacted to a tentative US-Iran peace framework that could reopen the Strait of Hormuz, ease pressure on energy markets and soften the inflation shock that had recently weighed on the metal. Spot
Silver rallied sharply on Monday as investors moved back into precious metals after a tentative US-Iran peace framework eased fears of a prolonged energy shock. Spot silver rose 4% to about $70.80 an ounce in Asian trade, extending a rebound that had built as oil prices fell and the dollar weakened. The move came after
The WTI crude oil price retreated sharply, reaching its lowest level since April, after the United States reached a ceasefire agreement with Iran. It sank to $80, down significantly from the year-to-date high of $119. Still, there is a risk that Israel will work to undermine the agreement and draw the US back to kinetic
The US–Iran agreement to reopen the Strait of Hormuz has eased immediate fears of supply disruption, but analysts warn it will take months before global oil and gas trade flows normalise. The deal, reached after weeks of escalating hostilities, is expected to reduce risks in one of the world’s most critical energy corridors. Yet shipowners,
Crude oil prices retreated on Hyperliquid as investors focused on the upcoming deal between the US and Iran. Brent crude oil fell to $84 from the year-to-date high of $126, while the West Texas Intermediate (WTI) fell to $81. Still, some major risks may threaten the falling oil prices. Crude oil price falls ahead of